Customers who are looking to engage in balance transfer to exercise better control over their debt can now opt for UOB’s facility. Not only does UOB Balance Transfer allow you the freedom of flexible repayments, but a minimum payment of just 5% of your outstanding amount on or before the due date each month ensures that clearing your debt is now as easy as it gets.
The following table shows how the plan works in various tenures:
|Plan||Special Interest Rate||Special Interest Rate Term|
|Plan 14||7.77% p.a.*||6 months|
|Plan 15||7.88% p.a.*||12 months|
|Plan 16||7.99% p.a.*||18 months|
|Special Interest Rate||Special Interest Rate Term (months)||Outstanding amount from other credit cards (RM)||Normal Finance Charge at 18% p.a.*(RM)||Finance Charge UOB Balance Transfer plans(RM)||Total Savings (RM)|
Doing a balance transfer with UOB is fairly simple. Customers can apply for the same by merely sending a text message with UOBBT to 33310. In a few days’ time, a representative of the bank will give you call and take things further. Another way to apply for a balance transfer with UOB is to call the bank’s 24/7 call centre at 03-26128121. For customers who apply for a balance transfer via mail, you can simply download the application form from the official website of the bank, fill it in, attest a photocopy of your credit card statement with another bank, and send it to UOB Card Centre, P.O Box 10253, 50708, Kuala Lumpur.
We all know how frustrating it can be to completely clear off our outstanding credit card dues, but with the credit card balance transfer plan from UOB, consolidating these dues just became a lot simpler. This promotional offer from UOB allows its cardholders to transfer outstanding dues from other bank credit cards onto their UOB card and pay it off at lowered interest rates with flexible tenure options.
This promotional offer from UOB is valid till the 31st of December 2016.
How to Apply:
The application process for this promotional offer is simple and hassle free. Cardholders simply need to visit their nearest UOB branch to initiate application or call on their helpline.
No. Customers who wish to apply for a UOB balance transfer will have to own a UOB credit card before applying for a balance transfer. The facility is open to both existing as well as new card holders.
Customers who cannot pay the full predetermined amount each month can choose to pay the minimum amount which is either RM50or 5% of the outstanding balance, whichever is more. If the customer wishes to repay the whole amount in advance, they can do so too, but an early repayment charge will be applicable.
If customers fail to make repayments before the due date, charges will be levied. Further action may also be taken by increasing your interest rates back to 18% per annum, which is also the highest rate of interest charged on a credit card.
If you choose to terminate your balance transfer program or cancel the UOB credit card, the early settlement fee applicable to you will be RM100.